Ann: Appendix 3B, page-3

"hopefully with minimal transaction costs to stockbrokerages"
No broker was used for the cr (I was told no broker was being used to avoid the fees and I dealt direct with the company in getting my stock) so fees would have been minimal.
"Now is the time to cancel the entitlement issue ...until clarity on he mining license and the debt providers emerges."
I would have preferred to see them wait for the rights issue but I believe they were trying to be fair to existing holders. There is no date set so they have time to finalise any debt or other non dilutive funding options. That would add a lot of confidence for those with doubts and might see the price move back above 2c to add even more confidence. They might also announce an underwriter.
The best option IMO would be to announce 100% debt funding and/or gold loan etc., as a back up to any rights issue shortfall. That should send the sp soaring and then everyone will want their 2c rights after all!
Plenty of new buyers showing up on the screen today and no doubt there will be more off screen. That roadshow may have done the trick but weak POG might be keeping them patient for now. However POG is just above support levels. Some have support in the low 1290's, I have it around 1260 and 1270-1280. Would be good to see it hit 1280 overnight and bounce back up hard to kick off another upleg. Then buyers for BSR may show less patience and sellers may start to back off. Gold did bounce exactly off the 200DMA last night at 1287 so it is possible we have already seen the low for this correction. That's short term speculation but BSR has over 100% upside even with POG at 1200 so no need for us to speculate. Short term POG is just delaying the inevitable next large rally for BSR.